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THQ's stock drops 50% after earnings implosion, [Tanks 22%+ again, worth $7.95M]
- Thread starter Nirolak
- Start date
N
NinjaFridge
Unconfirmed Member
Seriously you guys, we should totally buy Volition and SR.
But they just transitioned away from "core games", and it sounds like they are going to scale down LucasArts to do casual and mobile stuff after 1313 with possible licensed console games in the future.
Why would they buy a company that just ditched all their casual mobile and kid friendly developers to transition into AAA "core" games...
perfectchaos007
Member
THQ's market value is now approximately the same price as GAF.
someguyinahat
Member
They couldn't buy elections for 100 million dollars. Buy THQ? They'd make the Titanic look like a curbsplash.
Tears For Fears
Banned
Wow, THQ would be the better buy. No way would I spend that type of money on this cesspool.
That's about 15-30 employees max. They have about a 100 or so.
infinityBCRT
Member
MS needs exclusives to have some ammo in the next generation. It paid off big early in the 360's life.
Brad Grenz
Member
Capcom or Konami could quickly globalize by snatching up THQ, Square-Enix style.
PastorOfMuppets
Banned
Doesn't the guy who owns this forum have enough money on his own to buy THQ? That'd be pretty interesting...
If you had 10 million dollars would you buy THQ? With 100 million dollars of debt attached to that buy?
Nealand Liquor
Member
I hope to fuck those beautiful ip's of THQ don't get snatched up by Sony & MS and on the every off chance Nintendo. I say no to exclusivity! I want all gamers to be able to enjoy SR, CoH and so on.
The IP's will be sold off, no need to take the entire shithole that is THQ.
The IP's will be sold off, no need to take the entire shithole that is THQ.
Exclusivity>Nonexistent
Nealand Liquor
Member
3rd party>1st party
why do they have to steal our games
shira
Member
Do it EviLore - this would be GAF's uDraw/spirits within momment
sweetvar26
Member
$1.16 right now with a market cap of 7.95M
Do it Sony, pull the trigger!
I'm actually surprised EA, UBI, Zenimax or one of those bigger companies haven't tried to snatch it yet. I'm guessing THQ has tons of debt?
Do it Sony, pull the trigger!
I'm actually surprised EA, UBI, Zenimax or one of those bigger companies haven't tried to snatch it yet. I'm guessing THQ has tons of debt?
I know it is not as easy to buy it out right. as if walking into a store and buying groceries.
AuthenticM
Member
I am personally hoping for a purchase by Square-Enix. They have proven themselve to be quite the competent publisher, as far as western games go. They pretty much revived Eidos. I want them to do the same for THQ.
100 millions in senior notes due for August 2014...
I'm guessing they know THQ will go bankrupt soon, so they are just waiting for that to happen so they can get only what they want for cheap.
However, I wouldn't be surprised if THQ started selling their good IPs to try to survive even longer (like they did with UFC license to EA).
Nealand Liquor
Member
They came to my mind too, SE handled Sleeping Dogs quite well. I'd like to see how they'd handle WWE, maybe firepro that bitch up.
Take-two would be another publisher, but SR would conflict with GTA and end up being shelved I bet.
Outside of Ninsonysoft, I'd also fear EA would crap up the IP's.
davepoobond
you can't put a price on sparks
i think Square Enix can definitely make a play on THQ and make them the "new" Square Enix America. They'd probably have to replace most of the executives there, though Jason Rubin is new and he SEEMS like he has a good vision for the company, so he should stick around in that case.
but everyone else needs to go from corporate.
but everyone else needs to go from corporate.
razgriz417
Member
Be funny if Disney decided to buy THQ. They've been on a spending spree lately lol
sweetvar26
Member
Yes and Sony as well. They did spend quite some money recently.
Ugh.
3rd party (say Square Enix): everyone gets to play these games. 1st party: exclusives.
3rd party > 1st party
It's a joke, man.
It's a reference to a quote someone made when Nintendo announced they'd be publishing Bayonetta 2.
DeuceGamer
Member
How low will they go? Can they really drop any further?
Will be interesting to see who swoops in and when. They do have some IP's that could be profitable with proper management and focus.
Will be interesting to see who swoops in and when. They do have some IP's that could be profitable with proper management and focus.
Lazy Man's Wallpaper
Member
Am I just really out of touch in thinking this South Park game will do ok-not-great? Is that show really that big anymore? I know it has its fans, but I'd be surprised if it blew away the 2 million number I saw mentioned earlier.
I know, it just got on my nerves a bit as that got run into the ground in that Bayonetta 2 thread already.
GraveRobberX
Platinum Trophy: Learned to Shit While Upright Again.
THQ Owes $100,000,000.00
So unless you got this laying around:
Are OK with it being let go and never seeing it again, Go ahead, fine business decision
Then you own THQ...
Now about that $30+ million burn rate per month you are now on the hook for
My money is on WB Interactive
They feasted off Midways carcass, THQ is next
So unless you got this laying around:
Are OK with it being let go and never seeing it again, Go ahead, fine business decision
Then you own THQ...
Now about that $30+ million burn rate per month you are now on the hook for
My money is on WB Interactive
They feasted off Midways carcass, THQ is next
Dynamite Ringo Matsuri
Member
Man this sad to see happen as they've been around for so long. Hope the people affected by all of this will be able to find work or hell, be retained in the same dev team
I think you misinterpreted the way I was using it anyway; I was saying Nealand was saying that THQ's franchises going 1st party would be stealing our games, not the other way around.
Anyway, I'd still rather one of the big 3 picked them up than nobody.
Syphon Filter
Member
How did THQ get into trouble in the first place? don't they have ips that sell well?
Delusibeta
Banned
UDraw HD was the worst gaming decision this gen, while iOS has completely torpedoed THQ's main cash cow, the cartoon-license video game.
Why should anyone step in? This is going exactly to plan if my theory is correct.
Combichristoffersen
Combovers don't work when there is no hair
uDraw was a success on Wii.
Some marketing genius at THQ decided they should try to replicate that success by making uDraw for PS360, when even the average Internet armchair analyst could've told them it was a bad idea.
uDraw PS360 went down in flames and basically brought the entire company down with it.
The end.
And whoa, they're worth less than $8 mill. now? They're well and truly fucked.
GraveRobberX
Platinum Trophy: Learned to Shit While Upright Again.
Read my post, who the hell is stupid enough to go, "Oh the Company is only worth 5 million, chump change"...
They forget the company owes money, lots of it, $100 million of it
So you bought the company for $5 mil, but you are on the hook for that debt, so now THQ costs you $105 million
Then you have to run the monthly costs, and they are around the $30 million mark per month
So buy for $5mil, owe $100mil debt, and operating the company day to day (running cost) $30mil per month...
So yeah, no one is investing
Most are waiting for bankruptcy of THQ, then those IP's & Studios will be worth pennies, before they were worth dollars
Then either with slick financing, some THQ insiders can wheel and deal and set-up a new company and use the top tier resources and start up again
or
Sell everything, pay off the creditors, pack it up boys, great ride (jobs lost, studios shuttered, IP's either lost/shelved/vanish/sold off)
CosmicQueso
Member
GraveRobberX
Platinum Trophy: Learned to Shit While Upright Again.
Ninty is too busy getting ready to come into the HD market with WiiU and build up a foundation for it
Why would it just buy studios left and right, most it never has done business with until recently
Just cause Darksiders II is releasing (hopefully) doesn't mean NIN + Vigil are besties
MS is to busy launching Halo and trying to get it's franchise set-up for the next push for next gen
Sony is in horrible shape, it doesn't want to waste it's cash reserves for it
They can't handle all their WWS right now and you want them to tack on 5+ or more
All the 3rd party publishers have their franchises churning
They will not go out of their way to put themselves in the hole just for future promises
Why not wait?
No one is in any hurry, if they were there would have been rumors/talks of buyouts etc.
Why would it just buy studios left and right, most it never has done business with until recently
Just cause Darksiders II is releasing (hopefully) doesn't mean NIN + Vigil are besties
MS is to busy launching Halo and trying to get it's franchise set-up for the next push for next gen
Sony is in horrible shape, it doesn't want to waste it's cash reserves for it
They can't handle all their WWS right now and you want them to tack on 5+ or more
All the 3rd party publishers have their franchises churning
They will not go out of their way to put themselves in the hole just for future promises
Why not wait?
No one is in any hurry, if they were there would have been rumors/talks of buyouts etc.
Yeah I don't see anyone wanting to buy THQ because of the huge debt. THQ is better off selling their IP's and game company devs like Midway did after they went down in order to pay off their debt. Saint Row + Volition will be the most wanted. Not sure how much Relic would be worth without the Warhammer 40k license since THQ doesn't own the IP.